Rating agency Moody’s says banks in South Africa and the Democratic Republic of the Congo have engaged in extensive lending to the mining industry; making them vulnerable to consequences of climate change. Newsflash reports that Moody’s estimates that the 49 banks it rates across 14 African countries have extended almost 3.2-trillion rand in credit to environmentally sensitive sectors. Moody’s says it expects environmental factors will lead to a deterioration of the banks’ credit quality and profitability in the long term if measures to prudently manage climate-related and environmental risks are not taken.